Duff McKagan Net Worth: Duff McKagan Net Worth is what people are looking for. The American musician and author Duff McKagan has a net worth of $70 million. McKagan is best known for playing bass for the rock group Guns N’ Roses. Additionally, he briefly played bass for Jane’s Addiction. He has also occasionally played with Velvet Revolver and Loaded. Duff was a part of Guns N’ Roses from 1985 until 1997 before returning to the group in 2016, four years after their Rock & Roll Hall of Fame induction.
With Guns N’ Roses, McKagan has recorded five albums, three with Loaded, two with Velvet Revolver, and two solos. He has written weekly pieces for Playboy.com, SeattleWeekly.com, and ESPN.com. He is also a writer. It’s So Easy: And Other Lies, Duff’s debut book, was released in 2011, and “How to Be a Man: (and Other Illusions),” his second book, was released in 2015. So, what is Duff McKagan Net Worth?
Duff McKagan Net Worth
Duff McKagan Net Worth is $70 Million in 2023. McKagan had a number of residences in Los Angeles. He bought a 1,855-square-foot Studio City cottage for $425,000 in 1988, and two years later paid $838,000 for a 4,162-square-foot Hollywood Hills residence. He spent $1.5 million on a mansion in Agoura Hills in 1999, then in 2004 he sold it for $2.475 million. Duff spent $960,000 for a Studio City house in 2003, which he then resold and sold for $1.6 million in 2005. Four years later, he paid $2.975 million for a Sherman Oaks house.
Early Years Of Duff McKagan
Michael Andrew McKagan, better known as Duff McKagan, was born in Seattle, Washington, on February 5, 1964. Together with his parents, Elmer and Marie, and seven elder siblings, he was raised in Seattle’s University District. Since he was a little child, McKagan has been known as “Duff.” Marie started working as a medical stenographer to help support the family after his parents got divorced.
Happy New Year Everyone! pic.twitter.com/1isNRMwyUW
— Duff McKagan (@DuffMcKagan) December 31, 2022
Bruce, Duff’s brother, taught him how to play the bass, and he developed his abilities by imitating the albums “1999” by Prince and “Damaged” by Black Flag. McKagan attended Roosevelt High School but left in the middle of his second year to work as a pastry cook for the Great American Food and Beverage Company while obtaining his GED. When he spoke at the graduation ceremony at Roosevelt High School in 2012, the school presented him with an honorary certificate.
Arms N’ Roses Band By Duff McKagan
Duff founded the Vains, a punk band, in 1979. He then collaborated with the Living, the Fastbacks, and The Fartz (later known as 10 Minute Warning). After relocating to Los Angeles in 1983, he joined forces with future Guns N’ Roses bandmates Slash and Steven Adler to establish the band Road Crew in response to a newspaper ad. Rob Gardner, Axl Rose, Izzy Stradlin, Tracii Guns, and Izzy Stradlin formed the band Guns N’ Roses in 1985.
Two months later, Adler and Slash joined the group after Gardner and Guns left. After only two days of practice, the band performed their first show on June 6, 1985, at The Troubadour. In 1987, Guns N’ Roses released “Appetite for Destruction,” which went on to sell more than 28 million copies and become the best-selling debut album in history. The albums “G N’ R Lies” (1988), “Use Your Illusion I” (1991), “Use Your Illusion II” (1991), and “The Spaghetti Incident?” were all released by Guns N’ Roses when Duff was a member (1993).
Individual And Other Projects Of Duff McKagan
Together with Steve Jones, John Taylor, and Matt Sorum,Duff McKagan founded the supergroup Neurotic Outsiders in 1995. The group issued a self-titled album in 1996 before breaking up the following year. August 1997 saw Duff leave Guns N’ Roses, not long after the birth of his first child. In 1998, he reformed 10 Minute Warning in Seattle and the group issued a self-titled album.
The follow-up to McKagan’s 1993 debut solo album, “Belief in Me,” was slated for release in 1999; however, because Duff was fired from his label during the Interscope Records and Geffen Records merger, McKagan lost the rights to commercially release his album.
However, he did go on tour to promote the album, and for the tour, he formed the band Loaded with Dez Cadena, Michael Barragan, and Taz Bentley. The band Loaded has released the albums “Episode 1999: Life” (1999), “Dark Days” (2001), “Sick” (2009), and “The Taking,” and there have been other variations of the band throughout the years (2011).
Velvet Revolver was founded in 2002 by Duff, Slash, Matt Sorum, Dave Kushner, and Scott Weiland. Their 2004 first album, “Contraband,” received three Grammy nominations. After the success of “Contraband,” they released “Libertad” in 2007, and the band took a break after Weiland’s departure in 2008. In 2006 and 2010, McKagan briefly joined Alice in Chains and Jane’s Addiction, respectively.
In 2012, he went on tour with the Rock N Roll All Stars, who would subsequently take the name Kings Of Chaos. He briefly performed with Guns N’ Roses in 2014 before joining them again in 2016 to headline Coachella and launch the Not in This Lifetime… Tour. In 2019, Duff issued the solo album “Tenderness.”
Other Businesses By Duff McKagan
McKagan starred in the 1988 movie “The Dead Pool,” played a rocker vampire in the Fox television series “Sliders,” and played himself in the IFC series “Portlandia” in 2014. He produced the Betty Blowtorch EP “Get Off” and appeared in the 1999 documentary “Betty Blowtorch and Her Amazing True Life Adventures.”
Meridian Rock is a wealth management company that Duff created in 2011 and targets musicians. “It’s So Easy (And Other Lies),” a documentary on McKagan, was published in 2015 by Rainstorm Entertainment. Duff and director Christopher Duddy are listed as co-writers of the movie.
Individual Life Of Duff McKagan
On May 28, 1988, Mandy Brixx and Duff got married. He married Linda Johnson in September 1992 after their divorce in April 1990. Three years after their separation, McKagan married Susan Holmes on August 28, 1999. Daughters Grace and Mae were born to the couple in August 1997 and July 2000, respectively.
Duff McKagan Health Problems
Duff was admitted to Seattle’s Northwest Hospital and Medical Center in 1994 after developing acute alcohol-induced pancreatitis, which caused his pancreas to enlarge noticeably and begin spewing digestive enzymes into his bloodstream. McKagan, who was 30 years old at the time, was informed that if he didn’t stop drinking, he would probably pass away within a month.
Duff admitted to consuming “a gallon of vodka a day” in a 2005 interview; he attributes his continued sobriety to mountain biking and martial arts. McKagan enrolled in a finance course at Santa Monica Community College in 1994. He later studied classes at Seattle Central Community College and the Albers School of Business and Economics at Seattle University.
Stock Positions Of Duff McKagan
Duff used his newly acquired financial expertise to thoroughly examine Guns N’ Roses’ revenues and expenses as his body and mind began to feel better. In contrast to many of their contemporary bands, Guns N’ Roses, he immediately concluded, was handled reasonably effectively in terms of its finances, but was mostly losing money on tour to increase album sales.
He discovered that going on tour was a “loss leader” for selling CDs. One of the first musicians to understand that equation might be reversed and that he could make much more money selling tickets and t-shirts was Duff. He also started selling VIP packages and other services that were pure profit for the band while also securing tour sponsors.
The band’s earnings belonged to each member equally. Now that he wasn’t wasting his money on drugs and drink, Duff discovered that he had a lot of spare cash. He made the decision to make his first investment in the stock market in 1994 by taking $100,000. Since he was raised in Seattle, he chose three of those businesses. The shares he picked:
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Recognition And Nominations Of Duff McKagan
Guns N’ Roses received nominations for six Denmark GAFFA Awards, four BRIT Awards, and four Grammy Awards when McKagan was a member of the group. Eight American Music Awards have been nominated for the group, and “Sweet Child of Mine” won Favorite Pop/Rock Single in 1989, Favorite Heavy Metal/Hard Rock Album in 1990, and Favorite Heavy Metal/Hard Rock Artist in 1990 and 1992.
A “Billboard” Touring Award for Top Tour/Top Draw for the Not in This Lifetime was given to them in 1988, and they also received a “Billboard” Music Award for Top New Pop Artist that year. World Music Awards for 1993’s Best Group and World’s Best Hard Rock Artist, as well as a Ticketmaster Touring Milestone Award for the, Not in This Lifetime… visit in 2019.
In addition, Guns N’ Roses received four MTV Video Music Awards: the Video Vanguard Award, Best Heavy Metal Video for “Sweet Child O’ Mine” (1989), Best New Artist in a Video for “Welcome to the Jungle” (1988), and Best Cinematography in a Video for “November Rain” (1992). (1992). Duff earned a Kerrang! Award for Best International Newcomer in 2004 and a Grammy for Best Hard Rock Performance for “Slither” with Velvet Revolver in 2005.
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In addition to owning a nearby $4.7 million, the 6,760-square-foot estate with seven bedrooms and eight bathrooms, he listed the residence for sale in 2017 for $3.85 million. In 1993, McKagan also purchased a house in Seattle for around $1.4 million.
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